Balancesheet - Dalmia Bharat Sugar and Industries Ltd.

Particulars Liabilities Share Capital Reserves & Surplus
Net Worth

Mar'10

Mar'09

Mar'08

Mar'07

Mar'06

12 Months 12 Months 12 Months 12 Months 12 Months 16.19 16.19 16.17 8.55 7.65 1,307.60 1,189.38 1,058.62 666.35 334.24
1,377.64

Secured Loans Unsecured Loans
TOTAL LIABILITIES Assets

2,740.20 110.21
4,228.05

1,268.20

1,901.98 436.29
3,606.46

1,147.14

1,050.07 533.27
2,730.48

753.48

930.63 83.96
1,768.07

428.27

624.61 58.57
1,111.44

Gross Block (-) Acc. Depreciation
Net Block

3,373.62 789.45
2,530.31

2,618.42 649.29
1,906.49

1,882.98 558.26
1,252.37

1,697.08 469.93
1,148.56

1,044.58 414.02
544.18

Capital Work in Progress. Investments. Inventories Sundry Debtors Cash And Bank Loans And Advances
Total Current Assets

247.58 800.98 707.40 213.82 210.85 257.51
1,389.58

697.47 667.54 530.91 214.05 54.72 344.06
1,143.74

501.30 613.83 491.60 105.06 87.04 436.52
1,120.22

116.48 378.56 197.54 82.08 103.76 295.84
679.23

158.03 175.28 191.68 59.75 58.90 148.69
459.03

Current Liabilities Provisions
Total Current Liabilities NET CURRENT ASSETS

778.92 15.34
794.25 595.33

846.35 25.06
871.41 272.33

714.65 114.94
829.59 290.63

578.38 54.97
633.35 45.88

279.54 32.59
312.13 146.90

Misc. Expenses

0.00

0.00

0.00

0.00

0.67

TOTAL ASSETS (A+B+C+D+E)

4,228.05

3,606.46

2,730.48

1,768.07

1,111.44

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Bottom of Form

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2010.Director Report Mar2009 Mar 2010 The Directors have pleasure in submitting the Annual Report and Audited Statements of Account of the Company for the year ended 31st March. FINANCIAL RESULTS (Rs. in Million) FY-10 Net Sales Turnover Profit before interest. depreciation and tax (EBITDA) Less: Interest and Financial Charge Profit before depreciation andtax(PBDT) Less: Depreciation Profit before tax (PBT) Provision for current tax Provision for deferred tax Fringe Benefit tax Profit after tax (PAT) Add: (i) Surplus brought forward (ii)Transfer from Debenture Redemption Reserve Profit available for appropriation APPROPRIATIONS: General Reserve 200 200 3361 1320 2041 67 604 1370 7091 125 8586 3472 872 2600 337 657 20 1586 6118 7704 5117 1756 4941 1469 21543 FY-09 17536 .

the Board of Directors of the Company have approved a Scheme of Arrangement whereby the refractory. SCHEME OF ARRANGEMENT With a view to effectively and efficiently cater to the growth plans of the business segments.thecementand captive thermal power businesses are being transferred.3/-perequitysharelastyear. In addition to the interim dividend.Debenture Redemption Reserve (net) Interim/Proposed Dividend Dividend Distribution tax thereon Balance carried forward 129 162 27 8068 8586 DIVIDEND Your Directors had disbursed an interim dividend amounting to Re. a wholly owned subsidiaryoftheCompanyandthereafter. 2010. In addition. your Directors have decided to recommend a final dividend amounting to Re. to Avnija Properties Limited and DCB Power Ventures Limited. 21. 1/per equity share of face value of Rs. working results for key businesses have been provided as an annexure to thisreport(Annexure-A). Dalmia Bharat Enterprises Limited will be issuing one Equity Share of Rs. 21.each.each in February.perequityshareasagainstRs. cement and the captive thermal power businesses are being demerged into Dalmia Bharat Enterprises Limited. The Auditors certificate on the compliance of Corporate Governance Code embodied in Clause 49 of the Listing Agreement is also attached as annexure and forms part of this Report. In consideration of the demerger of the businesses. 21each held by the Members of the Company as on the record date to be announced for such purposes. OPERATIONS AND BUSINESS PERFORMANCE Please refer to the chapter on Management Discussion and Analysis for a detailed analysis of the performance of the Company during 2009-10. 21.each for every one Equity Share of Rs. respectively.per equity share of the face value of Rs. thus making the total dividend payout for the year Rs. CORPORATE GOVERNANCE The Companys corporate governance practices have been detailed in a separate chapter and is annexed to and forms part of this Report. two other subsidiaries of the Company. 1 /. 21. 129 243 47 7091 704 .

TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGETRANSACTIONS A statement giving details of Conservation of Energy. Sri Dhandauthapani Mines & Minerals Limited. Kanika Investment Limited. INDUSTRIAL RELATIONS The industrial relations during the year under review remained harmonious and cordial. Sri Swaminatha Mines & Minerals Limited. Technology Absorption and Foreign Exchange transactions. from attaching the Annual Reports of its Subsidiaries. However. EMPLOYEES PARTICULARS The statement giving particulars of employees who were in receipt of remuneration in excess of the limits prescribed under Section 217(2A) of the Companies Act. Sri Trivikrama Mines and Properties Limited. . Geetee Estates Limited. Dalmia Minerals & Properties Limited. ENERGY CONSERVATION. Hemshila Properties Limited. DCB Power Ventures Limited (formerly: Sri Madhava Minerals & Properties Limited). in accordance with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules.formsapartofthisreportasAnnexure-B.CL III. Any Member interested in obtaining copy of the same may write to the Company Secretaryatthe Registered Office. 1956. and ultimate subsidiaries. 47/255/2010. Sri Shanmugha Mines & Minerals Limited. Dalmia Solar Power Limited (formerly: Shri Rangam Brokers & Holdings Limited). Accordingly. 1956 the Report and Accounts are being sent to the Members excluding the aforesaid Annexure. Avnija Properties Limited. dated 15-4-2010 has exempted the Company in terms of Section 212(8) of the Companies Act. Shri Rangam Properties Limited. Dalmia Bharat Enterprises Limited (formerly: Sri Kesava Mines & Minerals Limited). Shri Radha Krishna Brokers & Holdings Limited. D. Ishita Properties Limited. 1988. SUBSIDIARIES The Central Government vide their letter No. Dalmia Sugar Ventures Limited. ArjunaBrokers&Minerals Limited. Sri Madhusudana Mines and Properties Limited. The Directors wish to place on record their appreciation for the excellent cooperation received from all employees at various units of the Company. Properties Limited. Himshikhar Investment Limited.theDirectorsReportandaudited accounts of the Companys Subsidiaries. in terms of the proviso (b)(iv) to Section 219(1) of the Companies Act.LISTING OF SHARES The Companys shares continue to be listed on the Madras Stock Exchange. Cosmos Cements Limited. Dalmia Cement Ventures Limited. National Stock Exchange and Bombay StockExchange.I. Dalmia Power Limited (formerly: Seeta Estates & Brokers Limited). Sri Subramanya Mines & Minerals Limited. is annexed. 1956 read with the Rules and Notifications made thereunder.

DIRECTORS The following Directors retire by rotation at the ensuing Annual General Meeting:.7. Besides aforementioned.dalmiacement. FIXED DEPOSITS The total amount of deposits remaining due for payment and not claimed by the depositors as on 31 st March 2010 was Rs. Any Member desiring to inspect the detailed Annual Reports of any of the aforementioned subsidiaries mayinspectthesameatthe Head Officeofthe Company and that of the subsidiaries concerned.08 million in respect of 14 depositors.H. and ShriN. Rajputana Properties Private Limited and Golden Hills Resort Private Limited for the year ended 31st March 2010 are not being enclosed with this Annual Report. The investment by KKR will be subject to necessary approvals and fulfilment of the agreed conditions precedent. Avnija Properties Limited (APL). has entered into definitive agreements with M/s. 2. appointment of nominee directors in APL and exit option including through Initial PublicOffering by APL. he may write to the Registered Office of the Company specifying the name of the subsidiary whose Annual Report is required. Peck in the Board Meeting held on 18-3-2010.com. 1.intranches. The Company shall supply a copy of such Annual Report to such Member. ShriT. the definitive agreements also contain covenants on affirmative rights to KKR. ShriM.Sutnga Mines Private Limited.500million. Shareholdings in the Company by its Directors as at 31-3- .Venkatesan. a wholly owned subsidiary of this Company. The Annual Report of the aforementioned Subsidiaries are available at the Companys website www. KKR Mauritius Limited (KKR) under which fresh equity subscription will be infused into APL to the extent of Rs. 1.foranequitystakeofupto21%. 3.Gopalaswamy Shri Asanka Rodrigo was appointed as an Alternate Director to act in place of Shri Donald M. into which it is proposed to demerge the cement business. Dalmia. In event a Member desires to obtain a copy of the Annual Report of any of the aforementioned subsidiaries. None of the depositors have approached the Company for renewal/repayment of deposits till date.

H.290 7.Venkatesan CONSOLIDATED FINANCIAL STATEMENTS In compliance with the Accounting Standard 21 on Consolidated Financial Statements.35. the CEO/CFOs Report on the Accounts is attached.77. DIRECTORS RESPONSIBILITY STATEMENT In terms of the provisions of Section 217(2AA) of the Companies Act.380 6. the applicable Accounting Standards have been followed and no departures have been made there from.000 AUDITORS . No.2010. Dalmia Shri Y. this Annual Report also includes Consolidated Financial Statements for the financial year 2009-10. c) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities.areasunder: Name of the Director Shri J.010 602.H. CEO/CFO REPORT ON ACCOUNTS As required under clause 49 of the Listing Agreement. 21.055 2.42. 1956your Directors declare that: a) in the preparation of the annual accounts.and d) the Directors had prepared the annual accounts on a going concern basis.each held 16. b) the Directors had selected such accounting policies and applied them consistently and made judgements and estimates thatarereasonableandprudentsoas to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profitoftheCompanyforthatperiod. Dalmia Shri Gautam Dalmia Shri Puneet Dalmia ShriT. of Shares of Rs.

00 Latest Div.00 Div. the Joint Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re.):212 EPS .Key Fundamentals Market Cap (Rs Cr.95 0.36 Face Value (Rs):2. 15. (%):50. would be in conformity with the limits prescribed in the said Section. As required under Section 224 of the Companies Act. Batliboi & Co.TTM (Rs):-3. if made.appointment.appointment. For and on behalf of Place: NEW DELHI Dated:May26.. Yield (%):7. the Company has obtained from both of them a certificate to the effect that their re..R.51 P/E Ratio (x):-7.06 P/B Ratio (x):0.S. . (Rs) :163. 1956.Integrated SYMBOL PRICE %CHANGE VOLUME Ugar Sugar Works Ltd. Chartered Accountants. S.67 Book Value / sh. Kothari Mehta & Co.M/s.16 Competitors: Sugar .31% 9542 Sakthi Sugars Ltd.2010 CHAIRMAN the Board DALMIASUG. Chartered Accountants and M/s. S.

(Old) 27.58% 4726 Mawana Sugars Ltd.81% 1096 Dharani Sugars & Chemicals Ltd.80 0. 68.40 1.90% 10349 Thiru Arooran Sugars Ltd. 91.39.90 0% 83983 Simbhaoli Sugars Ltd.93% .55 0. 44.35 2. 57.71% 764 DCM Shriram Industries Ltd.10% 36218 Rajshree Sugars & Chemicals Ltd.00 3. 33.55 2.

81 Cr. 58. of Shares % Holding Promoters General Public Other Companies 4.Shareholding Pattern No. 0.89 Cr.13% 17907 Upper Ganges Sugar & Industries 54.21% 46995 DALMIASUG. 70.72Cr.714 Piccadily Agro Industries Ltd. 0. 36.45 0.08% 10.91% 9.86% 6328 Dhampur Sugar Mills Ltd.00 0.Financials Q3 / 2010 .70 1.97% DALMIASUG.

Manager(Accounts)& Compl.Director Chief Executive Officer Managing Director Whole Time Director Sr. Non-Executive Director Ind. Tiruchirappalli. EBIT Cr. Pat(cr) Eps(rs) 186 29 12 1. Officer Secretary Ind.186 376 137 16.92 Management Name Asanka Rodrigo Donald M Peck G N Bajpai Gautam Dalmia Gautam Dalmia J S Baijal Jai Hari Dalmia K V Mohan K V Mohan M Raghupathy Mridu Hari Dalmia N Gopalaswamy Pradip Kumar Khaitan Puneet Dalmia Puneet Dalmia T Venkatesan V Sundararaj Vipin Agarwal Yadu Hari Dalmia Designation Alternate Director Ind. Tamilnadu-621651 .The Company was Incorporated in the State of Tamilnadu. Officer Chief Financial Officer Vice Chairman Company History .45 2.office at Dalmiapuram. Secretary & Compl.Ann 2010 Total Income Cr. With its Reg. Non-Executive Director CEO Managing Director Ind. Non-Executive Director Non Executive Director Non Executive Director Chairman & Non-Exe.Dalmia Bharat Sugar YEAR EVENTS 1951 . Non-Executive Director Vice Chairman Co.

The Magnesite Corporation of India Ltd.50. 1:4 by capitalising the amount from the Reserve fund.50 each respectively. insulated acid resisting tiles.96. Ltd on its merger in prop.2.10 each and 31. and 74. shares cancelled and converted into 1.307 preference shares of Rs.965 No.Defd.Nominal value of 59.000 No.100 each and 10.80.788 rights equity shares of Rs.986 Bonus equity shares issued in the prop..2. drainage pipes. culverts.4 equity shares of Rs. 1956 .919 No. 1964. 1958 .50 each consolidated into one equity share of Rs.56.25.50 each offered in prop.59.In April. Corpn.925 pref.908 pref.10 each issued at par prop. 1959 . : 1 pref. of equity shares of Rs. record players.49. radios. 1.Preference shares of Rs.In October 3. 1:1 (pref.100 and Rs. 1955 . a wholly owned subsidiary and manufacturing dead-burns magnesite at its plant in Salem was amalgamated with the Company on 1st January.2.62.2. 1965 . The products are sold under the name `Dalmia'.431 No. 7. Value of existing equity and or deferred shares of Rs.000 right equity shares of Rs. tape recorders and allied instruments. 1957 . porcelain sanitary ware.17.10 each reduced to Rs. 1967 . shares converted. The Cashew business is carried on by the company under the name and style of Dalmia International. Rs. 1964 .1 new equity share against paid up.) and 1:1 (equity).2.40 and 3 new equity : 1 equity of Rs. . 6 new pref. 1962 .10 each issued to the holders of 5 lakh Defd.. of equity shares allotted without payment in cash to members of the Magnesite. of equity shares of Rs.The export business was extended to other commodities like coffee walnuts and black pepper.60 or part thereof.In November. 1968 . 1963 . 69 preference and 81 No.10 each. Shares in prop.250 right preference shares of Rs. of India.40 and Rs.The Company's object is to manufacture cement. of equity shares issued. of equity shares on 2nd . pipes for water supply and irrigation.10 each. the Company purchased a cashew factory at Kundara in Kerala state. 2:5.43.2.40 sub-divided into preference shares of Rs.

. Ltd. of equity shares on 22nd August. Ltd. Ministry of Tourism and Civil Aviation. (TIL) (formerly Telefunken India Ltd.The captive diesel generating sets installed. 1976 .91. 1980 . 1983 . was taken from the Receiver from December. 1978 .Telesound India Ltd.Dalmia Dairy Industries. The net surplus arising out of this was credited to revaluation reserve.10 each to the former shareholders of TIL. 1985 . the Company allotted 1. 1970 . (formerly Dalmia Cement. Ltd.The Company introduced new stereo systems.The operation of the cement division suffered due to power cuts and rise in the costs of coal and power.91. which were originally conceived as a stand-by arrangement.976 No. TIL was a sick unit and was manufacturing radio receivers.The possession of the Ballabhgarh factory of the erstwhile Telesound India.968 pref. Govt. 1975 .985 .The Company set up a travel agency business in New Delhi under the name and style of `Govan Travels' and it was recognised by the International Air Transport Association and also by the Department of Tourism.) ceased to be a subsidiary of the Company with effect from 31st January.The land and buildings at Ballabhgarh.) was amalgamated with the company with the company with effect from 1st January. 1969 . .In terms of the scheme of Amalgamation approved by the High Court of Delhi and Chennai.A new office was opened at Cochin in May. shares cancelled and converted into 68. After amalgamation.December. of India. had to be run throughout the year. Branch offices were opened at Mumbai and Chennai in 1971. New Delhi and Mumbai were revalued as on 31st December. the manufacturing unit of TIL at Ballabhgarh became the Electronics Division of the Company under the name and style of "Dalmia Electronics Corporation". . .The Company was compelled to close its cargo business.11% cumulative redeemable preference shares of Rs. .

1987 . 1986 .The Company proposed to install a new mill house in view of the long term monoliths requirements.000 TPA of pig iron. it was decided to suspend further activities of the merchant exports division due to the division's continued unsatisfactory performance.Production and sales were adversely affected due to non-availability of acceptable quality of raw magnesite in sufficient quantity from the mines.The Company executed a joint venture agreement with Industrial Promotion and Investment Corporation of Orissa Ltd. . .The magnesite ore beneficiation plant was commissioned in March.The Kerala Government issued a notice for acquisition of the cashew processing unit and took possession of the unit on 20th February.Both production and sales were adversely affected because of strike by workers for almost 45 days. .Due to high level of already existing clinker..Two new Hi-Fi Ampli cassette deck music systems were introduced. . 1988 . . the desired level of production and sales could not be achieved. 1989 . . . The mining lease of the Company's magnesite mines was due to expire during the year.Production and sales of dead-burnt magnesite did not improve much due to nonavailability of acceptable quantity of raw magnesite in the Company's mines.The Company challenged the acquisition of the cashew processing unit through a writ petition before the Kerala High Court and obtained a stay.Production and sales registered substantial improvement due to increased offtake of dead-burnt magnesite by refractory industry. stock production had to be curtailed to avoid .Due to continued pressure of competition from kit-technology.In January. . (IPICOL) for the manufacture of 100.

to jointly implement a project for manufacturing cement based on lignite fuel and limestone deposits available in Kutch district of Gujarat. .The multilayer ceramic capacitor plant was commissioned after receipt of requisite clearance from the State Pollution Control Board. . . oil crisis and short supply of wagons.358 bonus shares issued in prop..28.New models Hi-Fi Ampli cassette deck music system were introduced. 1:1. .The Company installed one 4. Steps were taken to automate cement grind control for cement mills. a ship power recovery system was commissioned during the year.Serious disturbances in the Northern part of the country and the Gulf war affected the tourist season and the foreign exchange earnings suffered a set back. orders for components from Original Equipment Manufacturers declined sharply. . 1991 . Ltd.building up to stocks to unduly high levels.Colour television was introduced and new economical design Hi-Fi Ampli Cassette Deck Music systems were introduced towards the end of the year.Production and despatch of cement did not improve due to prevailing competition.The Company had signed a Memorandum of Understanding with Gujarat Mineral Development Corporation Ltd. . 1992 . .Approvals from Bharat Electronics and Electronics Corporation of India. 1990 . was received.3 MW imported diesel generator that could run on heavy fuel oil.Colour Televisions based on ET & T design were produced in small quantities. . `O' sepa high efficiency separator for cement mill was installed and an order was placed for kiln supervisory control system. .Due to sharp decline in new orders from Departul of telecommunication for new exchanges.The Company proposed to put up a Wind Mill Farm in Tamilnadu for producing power by using wind energy to be used in the cement unit. . .As a measure of cost reduction and conservation of energy.69.

1:3. Kanika Investment. Poonam Finance.The Company has iron ore mines in the Bellary Hospet area.The Dalmia Electronics Corporation unit proposed to develop and launch many new audio models in November.Chip Resistor plant orders were placed during the year.Effective 1st April. . . During the year Forsterite bricks were developed.905 bonus equity shares allotted in prop. 1996 .Demand for dead burnt magnesite continued to be low due to less orders from integrated steel plants.. .. Delay in the commissioning of the second boiler resulted in low crushing. . 1995 . 1994 .Both production and despatches had gone up due to increased demand for cement in Kerala and Tamil Nadu. and Surya Finance Ltd.The sugar unit was commissioned in the last week of December.12. .Introduction of many new black and white TV models. Ltd.Production and sales of dead burn magnesite and Monoliths were affected for 33 days in April and May due to strike by workers. . are wholly owned subsidiaries of the Company.1993 . ..Shri Rangam Investment Co. Ltd. Ltd.Sales were affected due to reduced demand from steel and refractory manufacturers coupled with severe competition from import of Dead Burnt Magnesite also affected sales. were merged with the company. Anupama Investment Ltd. . .25 MW of electricity was commissioned.During April. Efforts were on to commission the plant during 1994-95 sugar season. .. The Company took over implementation of its 2500 tonnes sugar project at Ramgarh at in Sitapur district of UP under the name and style of `Ramgarh Chain Mills'.19. the first phase of a wind mill farm for producing 2. Vivek Ganna Ltd..A wide range of new audio products were introduced. .

It has a MAA+ rating from ICRA. Nominee Director of Indian Renewable nergy Development Agnecy Ltd. .Sales were affected due to recession in the Steel Industry and stoppage of the plant for about 100 days. S.500 tonnes per day. 2000 .Dalmia Cement Bharat (India) Limited has proposed to the Karnataka Government to increase the capacity of its proposed foundry grade pig iron plant in Rani Bennur district of Karnataka.The Rs 290-crore (Rs 100 crore = Rs 1 billion) Dalmia Cement (Bharat) Ltd is on the lookout for strategic alliances including acquisitions and joint ventures to be set up in the near future.Dalmia Cement's fixed deposit programme is open for subscription.Production and sales of Audito products declined due to competition from overseas producers. with cane crushing of 2. The medium. .34 lakh TPY to 12.000 tonnes per annum (tpa) from the initial 180.The mining activity at the Hospet unit of the company has been suspended consequent to the interim order of the Supreme Court to stop mining in the forest area. ..000 tpa.34 lakh TPY. has withdrawn from the board effective from 7th September.Icra has assigned a double-A rating to the Rs 50 crore long-term non-convertible debenture programme of Dalmia Cement Bharat Ltd. indicating high safety. 1997 .and short-term ratings have also been reaffirmed at MAA+ and A1+.The company has planned to increase the capacity to 230.Dalmia Cement (Bharat) Ltd has introduced Dalmia Vajram Cement. . . . 2002 -Expands its capacity stands from 10.Mr.The company is also seeking a technical collaboration from Shougang of China. . Ravi. which is being expanded. . 1999 . 1998 .The company has also set up sugar plant in Uttar Pradesh.

G N Bajpai as a Director of the Company. Key Listing information.0 Market Lot Of Equity Shares 1 BSE Code 500097 BSE Group B The compnay forms a part of following indices – . Indices it is a part of. subject to approval of Central Government under section 259 of the Companies Act.0 ISIN: INE495A01022 Market Lot: 1 The Listing Page of Dalmia Bharat Sugar and Industries Ltd. 2008 . Company Background Industry Name: Sugar .2003 -RBI notifies NRI's and people of Indian Origin not to purchase the shares of the company without obtaining prior clearance from the regulator.Dalmia Cement Bharat Ltd has inducted Shri. 1956. and the Exchanges where the company is listed Key Dates Incorporation Date Public Issue Date Year Ending Month -March AGM Month -August Book Closure Start Date -20/08/2010 Book Closure End Date -27/08/2010 Listing Information Face Value 2.Integrated House Name: Not Applicable Incorporation Date: Face Value: 2. presents the Key Dates.

Belapur Industries Ltd.. Dhampur Sugar Mills Ltd. Madras Stock Exchange Ltd. Dhampure Specialty Sugars Ltd. The Stock Exchange. DCM Shriram Industries Ltd. Delhi Stock Exchange Assoc. National Stock Exchange of India Ltd.BSE Small-Cap Index CNX Midcap 200 Index (200 Cos) Listed On Bangalore Stock Exchange Ltd. Mumbai - Competitors 13862 25 COMPANYSYMBOL Dalmia Bharat Sugar and Industries Ltd. Ltd. Balrampur Chini Mills Ltd. Bajaj Hindustan Ltd. Calcutta Stock Exchange Association Ltd. DALCEM BAJHIN BALCHI BELIND DCMSHI DHASUG DHASPE .